Dispersed information and the non-neutrality of money: fifty years after Lucas, 1972

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Journal of Economic Methodology 29 (1):86-104 (2022)
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Abstract

This paper highlights the renewed interest in Lucas’s explanation of the non-neutrality of money put forward in his 1972 article – explanation based on information dispersion and signal extraction...

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10.1080/1350178x.2022.2033811

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